Cocoa Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Cocoa Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : October, 2020 | Food and Beverages | PPT format

Report Digest


Global Cocoa Products Market: Overview 

Globally, the demand for coconut and products made from coconut has increased significantly due to its high health benefits. Coconut is highly nutritious and the minerals present are involved in many functions in one’s body. Moreover, high presence of manganese in coconut, which is necessary for bone health and the metabolism of proteins, carbohydrates, and cholesterol has made it extremely important. Rising demand for coconut beans has further augmented demand in the global cocoa products market. 

With the growing demand for coconut and its widening use in cooking different types of dishes, it is important to have clear knowledge about how lucrative this market can get in the coming years. To reveal this information, market research companies are making significant efforts to by analyzing all the major factors influencing growth in the global cocoa products market. Besides, the information retails government policies, trade restriction, and growth avenues in different geographies are also thoroughly discussed in the report. Key strategies used by players, their shareholding, and recent investments are also presented in the report. 

Global Cocoa Products Market: Notable Developments 

Recent developments seen in the global cocoa products market are open new opportunities in market and for the stakeholders operating in this market. Some of the recent developments taken place that had a positive impact on the global cocoa products market include: 

  • Switzerland-based Barry Callebaut introduced a new chocolate variant in 2017 under the brand name, Ruby Chocolate. This new product is majorly introduced for millennials, to meet the growing demand and to meet their desire for hedonistic indulgence.
  • Blommer Chocolate Company, U.S., publicized its plan in 2016 to acquire only certified cocoa from 2020 onwards. This step was taken to stand by to cocoa industry standards.
  • The Hershey Company announced plans in 2015 related to source certified and sustainable cocoa for four of its chocolate brands, in which cocoa is used as a major ingredient. 

Other companies in the global cocoa products market are also making significant efforts and investing in different organic and inorganic business development strategies. To name a few prominent companies operating in the global cocoa products market include Guan Chong Berhad (GCB), Ciranda, Tradin Organic, Cargill, Puratos Group, Touton S.A, The Hershey Company, and United Cocoa Processor. 

Global Cocoa Products Market: Drivers and Restraints 

Significant rise is seen in the global cocoa products market is majorly because of its rising application in food & beverages, confectionery, pharmaceutical, and cosmetics. Besides, its use as a key ingredient in making different variety of products, growing awareness about the health benefits of cocoa is significantly boosted demand in this market. Use of cocoa helps in decreasing hypertension, protection against sunburn, and reduced chronic fatigue syndrome. Additionally, cocoa is rich in polyphenols that support in protecting the body's tissues against oxidative stress and associated pathologies such as inflammation and cancer. But few restricting factors might hamper the growth of the market such as limited production and volatile prices of the cocoa. If these point are covered well, the global cocoa products market is expected to witness high growth in the coming years. 

Global Cocoa Products Market: Regional Outlook 

Geographically, Europe is projected to lead the global cocoa products market during the forecast tenure. In this region, retail infrastructure has remained steady, which has made growth of this product highly profitable. Additionally, growing consumption of cocoa in manufacturing consumer goods and beverages benefited the growth in this market. Increased spending of people along with high preference for cocoa has also made the region a key market for cocoa products.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?